Australia's federal government estimated to fall short by 260k homes by 2029, worsening housing affordability.
Australia's federal government is expected to fall short by 260,000 homes by the end of the decade, reaching only around 940,000 new homes by mid-2029, according to Oxford Economics. This shortfall may exacerbate housing affordability issues, particularly affecting younger generations. Rising median house values and increasing asking rents have been cited as contributors to the looming housing crisis.
July 21, 2024
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